Indef Manufacturing Ltd
Indef Manufacturing Ltd (BAJAJINDEF) last reported results for the quarter ended Jun 2026, with sales of ₹34.46 crore and net profit of ₹5.5 crore. The stock last traded at ₹209, a market capitalisation of ₹668 crore, on a P/E of 28.2. Over the past 52 weeks the stock has ranged between ₹201 and ₹449. Figures are as of 6 Oct 2026 and are not real time.
Indef Manufacturing Ltd share price and key metrics
- Current price
- ₹209
- Market cap
- ₹668 cr
- Stock P/E
- 28.2
- Book value
- ₹84.3
- ROE
- 9.20%
- ROCE
- 9.45%
- Dividend yield
- 0.96%
- 52w high / low
- 449/201
Metrics as of 6 Oct 2026. Not real time.
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Indef Manufacturing Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- 12%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- -31%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- 1 Year
- -47%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- Last Year
- 9%
Indef Manufacturing Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹34.46 cr, down 13.2% from ₹39.71 cr a year earlier. Net profit was ₹5.5 cr, down 2.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 42.77 | 44.74 | 52.98 | 39.71 | 49.31 | 50.64 | 68.04 | 34.46 |
| Expenses | 35.97 | 37.27 | 42.3 | 36 | 43.03 | 46.54 | 58.87 | 35.44 |
| Operating profit | 6.8 | 7.47 | 10.68 | 3.71 | 6.28 | 4.1 | 9.17 | -0.98 |
| OPM % | 15.90% | 16.70% | 20.16% | 9.34% | 12.74% | 8.10% | 13.48% | -2.84% |
| Other income | 5.84 | 3.3 | 4.29 | 5.3 | 2.7 | 4.19 | -4.62 | 8.77 |
| Interest | 0.11 | 0.1 | 0.09 | 0.1 | 0.11 | 0.08 | 0.08 | 0.1 |
| Depreciation | 1.36 | 1.33 | 1.29 | 1.34 | 1.45 | 1.42 | 2.26 | 1.41 |
| Profit before tax | 11.17 | 9.34 | 13.59 | 7.57 | 7.42 | 6.79 | 2.21 | 6.28 |
| Tax % | -0.98% | 24.95% | 25.46% | 25.23% | 16.17% | 29.16% | -203.17% | 12.74% |
| Net profit | 11.28 | 7.02 | 10.13 | 5.65 | 6.26 | 4.9 | 6.82 | 5.5 |
| EPS (₹) | — | 2.19 | 3.17 | 1.77 | 1.96 | 1.53 | 2.13 | 1.72 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Indef Manufacturing Ltd annual results
| ₹ crore | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| Sales | 179 | 208 | 202 |
| Operating profit | 31 | 23 | 19 |
| OPM % | 17% | 11% | 9% |
| Net profit | 34 | 23 | 23 |
| EPS (₹) | 10.68 | 7.38 | 7.34 |
TTM is the trailing twelve months to the most recent quarter.
Indef Manufacturing Ltd balance sheet
| ₹ crore | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity capital | 3 | 3 |
| Reserves | 250 | 267 |
| Borrowings | 4 | 3 |
| Other liabilities | 45 | 60 |
| Total liabilities | 301 | 332 |
| Fixed assets | 35 | 46 |
| CWIP | 2 | 0 |
| Investments | 199 | 210 |
| Other assets | 66 | 77 |
| Total assets | 301 | 332 |
As reported by the company. Total assets equal total liabilities by construction.
Indef Manufacturing Ltd cash flow
| ₹ crore | Mar 2025 | Mar 2026 |
|---|---|---|
| Cash from operations | 5 | 24 |
| Cash from investing | -10 | -15 |
| Cash from financing | -2 | -9 |
| Net cash flow | -7 | 0 |
| Free cash flow | -4 | 18 |
| CFO / operating profit | 33% | 132% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Indef Manufacturing Ltd operating ratios
| Per year | Mar 2025 | Mar 2026 |
|---|---|---|
| ROCE % | — | 9% |
| Debtor days | 65 | 56 |
| Inventory days | 85 | 102 |
| Days payable | 89 | 107 |
| Cash conversion cycle | 62 | 51 |
| Working capital days | 50 | 22 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Indef Manufacturing Ltd shareholding pattern
Promoters held 69.61% at Jun 2026, broadly unchanged since Jun 2025. FIIs 1.11% and DIIs 0.00%.
| % held | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Promoters | 69.61% | 69.61% | 69.61% | 69.61% | 69.61% | 69.61% |
| FIIs | 1.57% | 1.59% | 1.56% | 1.56% | 1.57% | 1.11% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 0.00% |
| Public | 28.82% | 28.80% | 28.83% | 28.83% | 28.70% | 29.27% |
| No. of shareholders | 18,762 | 20,032 | 20,682 | 20,163 | 19,622 | 19,479 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Indef Manufacturing Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended September 30, 2026.Company Updatelow impact
- Closure of Trading Window for the quarter and half year ending on September 30,2026.Insider Trading / SASTlow impact
- Indef Manufacturing Limited Announces Successful Conclusion of 4th AGM and Approval of Final DividendAGM/EGMlow impact
Cruxal's analysis: Indef Manufacturing Limited has successfully concluded its 4th Annual General Meeting…
Read the full analysis - Indef Manufacturing Limited Concludes 4th AGM; Declares Final Dividend of INR 2 per ShareAGM/EGMlow impact
Cruxal's analysis: Indef Manufacturing Limited has successfully concluded its 4th Annual General Meeting…
Read the full analysis - Indef Manufacturing Limited Reports Q1 FY27 Financial Results with Consolidated Net Profit of 5.50 croreResultmedium impact
Cruxal's analysis: Indef Manufacturing Limited has released its unaudited financial results for the quarter…
Read the full analysis - Indef Manufacturing Limited schedules Board Meeting for August 12, 2026, to approve Q1 FY27 financial resultsBoard Meetinglow impact
Cruxal's analysis: Indef Manufacturing Limited has formally intimated the stock exchanges regarding a Board…
Read the full analysis
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